All Forum Posts by: Hyunwoo Shin

@Wayne Brooks Thanks for your comment. but it's not a long video and plus I put pretty much all information to calculate the profit. 

So it's basically taking 1 year per house.

It's different strategy than what I've learned from a lot of real estate investment videos.

Okay, so I watched this video and it's confusing me.

https://www.youtube.com/watch?v=l1B4Ef00084

He's showing the summary of how much money he made by sold one of his property.

@3:04 He says he received $38,986 check after he sold the house.

How did that amount come? He sold his house at price of $130,785 (says on the paper) after $84,118 paid off from $109,700 

So he should make at least ($130,785 - ($109,700 - $84,118)) = $105,203 from selling that house.

Then $105,203 + $107,152 (income since purchase) = $212,355 - $70,173 (expenses since purchase) = $142,182 

After he made $142,182 he should give his partner $9,069 back and split in half = $66,556 

So he should make at least $66k from selling that property. Am I wrong?! or this video is totally a scam?

@Kerry Baird The problem is there are not many multiplex in Michigan especially 4 units.

So I'm talking about Single Family House. 

1. Buy first house, live 1 year (or 6months) as homestead property and then move out and rent it completely. 

2. Buy 2nd house as investment property and rent it out. 

3. With those two home's equity buy 3rd and 4th investment property and rent out.

Do I have a good plan?!

@Kerry Baird

Thanks for your answer. I don't fully understand it but read it carefully again.

Hello everyone,

First of all, I'm so glad that I found this website which have ton of people who would help you to succeed in real estate.

I'm totally new in invest on real estate and have thousands of questions.

My first question is can real estate invest get you money if you keep buying houses with putting down payment with line of credit? 

I've watched few real estate investing videos on Youtube and all of them are saying you can buy a house for lower price than the market and put down payment on new house with the difference (equity?!)

So you have 1 house first year, it becomes 2 after the first year then you can get 4, 4 becomes 6 or whatever.

If you constantly expanding your portfolio and nothing have actually  paid off then how can you make money out of it?

I am sorry for my poor English but I hope you guys understand what is the point of my question.